Billion-Dollar Intel Semiconductor Chip Factory Headed For New Albany
Several sources tell the Ohio Public Radio Statehouse News Bureau that Intel will build a $1 billion chip plant near New Albany, with an official announcement expected on January 21.
Sources say the plant will go on a nearly 3,200 acre plot in Jersey Township recently annexed into New Albany.
More confirmation that something big is coming to the New Albany area. Several sources are telling me Intel will build a billion-dollar chip manufacturing facility on 3000+ acres annexed from Licking County. Announcement expected Jan 21. Impact on Ohio‘s economy could be huge.— Karen Kasler (@karenkasler) January 14, 2022
It’s expected to be the largest development project in Ohio since Honda first came to the state in the early 1980s, and could be the biggest in Ohio history.
The development has been the source of speculation for a week. Cleveland.com was the first to report many of the details.
On Thursday, Jersey Township trustee Ben Pieper confirmed the project to WMMH. Although he did not name the company, Pieper told the state that the 10-year development project would be backed by federal money.